e公司 . e公司，证券时报旗下专注上市公司新媒体产品，立志打造A股上市公司资讯第一平台。提供7x24小时上市公司标准化快讯，针对可能影响上市公司股价的 主题概念、行业事件及时采访二次解读，从投资者需求出发，直播上市公司有价值的活动、会议。 时值马年春节假期，A股股市正处于休市中，但证券时报·e公司记者注意到，不少券商分析师春节"不打烊"。 大年初一（2月17日），部分券商坚持发布投资"干货"。有券商提到，A股估值处于历史中低位，全球比较具性价比。 国金证券研究发布了一篇《驭势马年新动能丨AI应用篇》的文章。文章指出，AI应用产业趋势确立，2026年有望迎来"双击"。其认为，部分公司AI订单/收 入/ARR占到整体收入的比例达到10%及以上，冷启动时间已过。行业基本面于2025年下半年确立拐点，利润弹性高、赔率显著。 针对AI应用产业角度，国金证券推荐四大方向。一是超级入口：大模型量收共振，作为流量与商业化双重枢纽的逻辑已实现。二是AI Infra：软件定义算 力，获取"卖铲子"的确定收益。软件基建决定了AI应用的成本曲线与能力天花板，且先于应用端兑现业绩。三是高增长：AI技术升维，营销、漫剧成为商业 化落地 ...

特斯拉Cybercab赛博无人驾驶电动车比原定计划更早投产！ 2月18日，证券时报记者从特斯拉中国获悉，特斯拉Cybercab赛博无人驾驶电动车第一台量产车型已在美国得州超级 工厂下线。特斯拉CEO马斯克发文称："祝贺特斯拉团队成功制造出第一辆量产型Cybercab。" Elon Musk ♡ × @elonmusk C Subscribe Congratulations to the Tesla team on making the first production Cybercab! 祝贺特斯拉团队成功制造出第一辆量产型 CyberCab! Tesla @ @Tesla · 5h T First Cybercab off the production line at Giga Texas 首辆 Cybercab 已在 Giga Texas 工厂下线 2:45 AM · Feb 18, 2026 · 12.1M Views LJ 8.5K ← 1.8K , 116K 4K Relevant v View quotes > Cybercab车型致力于优化全生命周期的每英里成本，致力于达成比乘用车高5倍的利用率 ...

事实上，自去年9月初以来，美军在东太平洋和 加勒比海对美方指称的所谓"贩毒船"进行多次打击，并 于去年11月13日宣布发起"南方之矛"军事行动。然而，美国政府并未公布任何可以证明其攻击目标涉毒 的证据。 综合自：央视新闻 突发。 当地时间2月17日，美军南方司令部称，美军"南方之矛"联合特遣部队2月16日晚在东太平洋海域及加勒 比海域对三艘"贩毒船"实施了三次"致命打击"。 美军方称，行动中，11名男性"贩毒恐怖分子"被打死，美军无人员伤亡。 据了解，2月份以来，美军南方司令部已多次在东太平洋海域及加勒比海域打击所谓"贩毒船"。 责编：李丹 校对：祝甜婷 END 当地时间2月5日，美国军方表示，当日在东太平洋打击了一艘疑似"贩毒船只"，2人在行动中被打 死。美军南方司令部在社交媒体上说，美军"南方之矛"联合特遣部队对一艘由"被认定的恐怖组 织"运营的船只实施"致命打击"。美国军方在一份声明中表示："情报证实，该船只正沿东太平洋 已知的贩毒路线航行，并参与了贩毒活动。" 当地时间2月9日，美军南方司令部表示，美军对一艘在东太平洋已知贩毒航线上活动的船只实施 了打击。情报显示该船从事毒品走私活动，行动造成两名"贩 ...

岁序更替，骏启新程。值此2026新春之际，谨代表钛信资本，向所有创业者、投资人 及行业同仁致以新年问候！回望2025，投资行业在调整中企稳，在坚守中突破，钛信 资本秉持"精品重度、聚焦龙头"的投资理念，迎来了深耕硬科技赛道的收获期：英诺 赛科（02577.HK）、西安奕材（688783）成功上市，盛合晶微科创板IPO获受理， 道通智能启动IPO辅导，以扎实的业绩印证了深度价值投资的确定性。 展望2026，钛信资本将继续锚定全球性技术领先的龙头企业，聚焦硬核科技核心赛 道，深化"境内+境外"双轮驱动布局，以深度研究构建认知壁垒，用极致克制把握稀 缺投资机会，与更多优质龙头企业携手，穿越产业周期，共创长期价值。 al PARTE 骏 马 启 新 · 创 赢２０２６ 证券时报。全国创投协会联盟 National Alliance of Venture Capital Associations 業 候旭記 錶信愛本合伙 END 点击关键字可查看 潜望系列深度报道丨 股事会专栏 丨 投资小红书 丨 e公司调查 丨 时报会客厅 丨 十大明星私募访谈 丨 美股V型反弹！Meta计划部署数百万颗英伟达芯片！美联储，降息大消息 ...

IPARTE 骏 马 启 新 · 创 赢２０２６ 证券时报。全国创投协会联盟 National Alliance of Venture Gaplial Associations 業 陈菲 ホ方富海董事长 2025年，在周期波动与结构调整中，我们守见云开，迎来了霞光满天的时刻。一级市 场明显复苏，募资规模与投资金额同比回升；二级市场热度高涨，A股电子行业市值 首次超越银行业，登顶行业市值榜首，科技主线的时代拐点愈发清晰。更具标志性意 义的是，"十五五"规划建议发布，系统擘画了中国经济迈向新阶段的顶层设计蓝图。 在复杂多变的全球经济环境下，中国经济展现出应对外部冲击的韧性，结构转型的阵 痛正在减弱，发展科技创新正在成为前所未有的上下共识。可以预见，未来中国经济 的核心增量，来自科技和创新。在新的周期起点上，变化仍在加速，不确定性并未消 散。无论是创业者，还是创投人，都需要在波动中识别趋势、在分歧中坚定判断，持 续走向那些具备确定性的方向。下面，我想分享两点关于确定性的思考。 第一，AI已成为时代主线，必须坚定拥抱。这一次人工智能的跃迁，不仅是一轮技术 升级，更是工业革命、信息革命与文艺复兴的叠加共振，正在重塑人类 ...

"股神" 巴菲特退休前最后一次操作备受全球投资者关注。 当地时间2月17日美股盘后，伯克希尔・哈撒韦向美国证券交易委员会（SEC）提交了2025年第四季度13F持仓报告，这也是巴菲特担任公司CEO期间的最 后一份季度持仓报告。 报告显示，2025年第四季度，伯克希尔大幅减持亚马逊，同时继续减持苹果等股票；同时新建仓纽约时报，该股也是巴菲特在该季度唯一一只新进个股。 2025年底，巴菲特正式退休，从伯克希尔CEO岗位上卸任。 减持亚马逊与苹果等股票 根据伯克希尔提交的报告，截至2025年12月底，伯克希尔最新持仓市值达2741亿美元，其中，前十大持仓公司市值占比高达88.26%。 从持仓动向来看，伯克希尔2025年第四季度大幅减持亚马逊股票。从持仓占比变动来看，该股是伯克希尔当季度减持幅度最大的个股，在投资组合中的占 比从2025年三季度的0.82%大幅降至0.19%，降幅达0.63个百分点，持股数量降至约230万股。 新建仓纽约时报 纽约时报是伯克希尔2025年四季度唯一新进的个股。 报告显示，当季度，伯克希尔建仓纽约时报超过506万股，市值约3.52亿美元。 在伯克希尔持仓情况披露后，纽约时报在盘后交易中股 ...

Group 1 - The core theme of the article revolves around the impressive performance of robots at the Spring Festival Gala, showcasing the fusion of technology and traditional martial arts [1][10]. - The performance titled "Wu BOT" featured robots executing fluid movements, including jumps and flips, demonstrating high precision and coordination [3][10]. - The collaboration between Yushu Technology and the Spring Festival Gala marks a significant milestone, as the company has been involved in the event for three consecutive years, enhancing its brand visibility [10][20]. Group 2 - Yushu Technology's founder highlighted the innovative cluster control technology used in the performance, which is expected to pave the way for future applications in various scenarios [10]. - The article mentions that humanoid robot companies in China typically generate annual revenues ranging from hundreds of millions to billions of yuan, indicating a growing market [20]. - The global sales of humanoid robots are projected to reach approximately $440 million (around 3.04 billion yuan) by 2025, reflecting the industry's potential for growth [20].

Group 1 - The article emphasizes the resurgence of the bull market, particularly led by technology stocks, indicating a shift from undervaluation to value recovery in the Chinese capital market since the "9·24" event [5][6] - The Shanghai Composite Index has reached a 10-year high, with significant increases in the market capitalizations of major tech companies, raising questions about potential valuation bubbles in the tech sector [5][6] - The article discusses the relationship between investment and macroeconomic factors, highlighting that geopolitical dynamics, particularly Sino-U.S. relations, will shape investment trends for decades to come [7] Group 2 - The article identifies a sense of "thirst and anxiety" in the market, driven by the ongoing Fourth Industrial Revolution and the unaddressed shortcomings of the Third Industrial Revolution, which influences investment behaviors [7][8] - It explains the high valuations of domestic computing chip companies despite their technological gaps compared to global leaders like NVIDIA, attributing this to strategic pricing based on perceived future potential [7][8] - The article outlines the investment focus of the company, Basestone Capital, on hard technology, emerging industries, and life sciences, which are seen as critical sectors for future growth [8][9] Group 3 - Basestone Capital has made significant investments in key sectors such as semiconductors, artificial intelligence, and robotics, achieving a comprehensive industry chain layout [8][9] - The company has successfully invested in various firms, including the leading DRAM manufacturer Changxin Technology and aerospace company Blue Arrow Aerospace, with total investments exceeding 10 billion [9][10] - The article concludes with an optimistic outlook on the future of technology advancement and industrial upgrades, emphasizing the ongoing opportunities in hard technology and the importance of innovation and domestic alternatives [10]

Core Viewpoint - The article emphasizes the resilience and potential of the Chinese economy amidst global changes, highlighting the importance of innovation and investment in high-quality development as key drivers for future growth [5][6]. Fundraising - The company successfully completed the fundraising for a new fund and continued to gain trust from national-level funds and insurance capital, ensuring adequate resources to seize future opportunities [5]. Investment Strategy - The investment strategy focuses on "early-stage, small-scale, and technology-driven" investments, particularly in cutting-edge fields such as artificial intelligence, embodied intelligence, commercial aerospace, and life sciences [6]. Empowerment and Ecosystem - The company has established an efficient council mechanism within its listed company alliance, facilitating over 80 mutual visits among listed companies and forming a dedicated committee for artificial intelligence to enhance industry collaboration [7]. Exit Strategy - Successful exits include companies like YouSheng Aluminum and WoAn Robotics, with the anticipated listing of ZhiPu in Hong Kong marking a significant milestone for the company [7]. Future Outlook - The year 2026 is seen as pivotal for the "14th Five-Year Plan," with a focus on building a modern industrial system and enhancing the role of venture capital in driving technological self-reliance and high-quality development [8]. Technological Innovation - The article highlights the exponential growth of technological innovation, particularly in artificial intelligence, commercial aerospace, and biotechnology, as crucial elements for China's modernization and economic strength [8].

Core Viewpoint - The article emphasizes the importance of preparation for infinite possibilities in the investment landscape, advocating for a focused approach in venture capital investments, particularly in high-success-rate stages like clinical research to clinical application in innovative pharmaceuticals [4][5]. Group 1: Investment Philosophy - The essence of venture capital is seen as a continuous exploration of the future, with a belief that the world has no boundaries [4]. - The current low exit rates in the industry highlight the fragility of apparent returns without cash flow support, prompting a focus on specific investment stages rather than broad success [4][5]. Group 2: Investment Strategy - The company aims to concentrate resources on high-probability nodes in investment, such as from pre-clinical research to clinical application, to mitigate risks [5]. - There is a commitment to being a "constructive investor," providing financial tools and decision-making advice to entrepreneurial teams to enhance their chances of success during critical moments [6]. Group 3: Long-term Commitment - The company emphasizes the importance of maintaining a genuine alliance with limited partners (LPs), even considering returning raised funds during market exuberance to ensure long-term cash returns [6]. - The article concludes with a call for a respectful and resilient approach to investment, preparing for future opportunities with keen insights and solid trust [6].